15514 Tonkel Road Leo, IN 46765

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Site-Built Home • 109Y Old

$2,800,000

15514 Tonkel Road

3 Bedrooms All Main Level
1 Bathroom
1175 sqft
11.00 Acres
2 Car Garage Carport 15 × 15 (225 sqft)
Property Description

Unique opportunity to own two parcels totaling 11 acres in a prime location in growing Leo and northwest Fort Wayne, offering exceptional flexibility for residential, business, or investment use. The primary 10.2-acre parcel features a 1,200 sq ft, three-bedroom ranch alongside a large flex building with recently expanded office space—ideal for a home-based business, workshop, or operations hub. The main barn features all concrete floors, providing durability and versatility for a variety of uses. Three expansive pole barns offer substantial capacity for equipment, materials, or tenant use. The main building is fully linked to the middle barn (Building 3), enhancing functionality for operations and communications. The home and buildings on this parcel are currently producing rental income, with existing leases that include a tree service, communications company, residential tenant, and additional storage rentals—delivering immediate cash flow for the next owner. A well-maintained pond adds both functionality and scenic appeal. The second parcel, spanning 0.8 acres, includes its own three-bedroom ranch with a separate driveway—well-suited for multi-generational living, guest accommodations, or additional rental income. With strong potential for construction operations, specialized storage and logistics, future residential development, or even a wedding/event venue, this property offers a rare combination of location, acreage, infrastructure, and income-producing capability. This property currently houses a business conducting active operations, therefore earliest possession is July 1st. The property will be clear of all equipment in the coming months.

Directions

Tonkel Road N, just past Hosler Road.

Amenities

Dryer Hook Up Gas/Elec, Guest Quarters, Near Walking Trail, Patio Open, Utility Sink, Sump Pump

Sale Includes

Dishwasher, Refrigerator, Range-Electric, Sump Pump, Water Heater Gas, Gazebo

Map to 15514 Tonkel Road, Leo, IN 46765

Property
MLS # 202611322
Date Listed 2026-04-03
Status Active
Property Type Residential
Property SubType Site-Built Home
Finished Square Feet 1175 sqft
Total Square Feet 1625 sqft
New Construction No
Style One Story
Type Site-Built Home
Basement Yes
Bedrooms 3
Bathrooms 1
Annual Taxes $7,712.00
Year Taxes Payable 2025
Year Built 1917
Virtual Tour propertypanorama.com »
Days on Market 16
Additional
Cooling Window
Heating Gas, Forced Air, Multiple Heating Systems
Carport Yes
Main Level Laundry Yes
Outbuilding Outbuilding, Pole/Post Building
Room Dimensions
Living Room 14 × 12 Main Level
Kitchen 8 × 11 Main Level
Master Bedroom 8 × 10 Main Level
2nd Bedroom 10 × 12 Main Level
3rd Bedroom 12 × 12 Main Level
Bathroom Locations
Full Baths 1 Main
External Features
Construction Site-Built Home
Exterior Vinyl,Wood
Lot Size 479,160 sq ft
Acreage 11.00 Acres
Lot Dimensions 900 x 532
Parking Yes
Out Buildings Outbuilding
Sewer City
Water City
Fence None
Location
Area Allen County
Location City/Town/Suburb
County Allen
Subdivision None
Township Cedar Creek
City Leo
State IN
Zip 46765
Schools
School District Northwest Allen County
Elementary Perry Hill
Middle School Maple Creek
High School Carroll
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202611322
Listing Provided Courtesy of David Weigand
Encore Sotheby's International Realty

Listing updated April 3, 2026 at 11:48 am
Last checked 25 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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